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, everyone. wealthy people may pay more in a romney administration. one. governor's campaign advisors say tax rates on the rich might come down, might not come down so much. and deductions for the rich will be cut. so, now his tax plan is being called ambiguous. that's the attack. no ambiguity about today's numbers, revision down on the growth rate down to stall speed and a huge drop in orders for cars, trucks and machinery. we're headed to election in 40 had days, are we head today recession? a clean cut call for you, the refs will be back tonight. the nfl caved. watch out, an all-star lineup for you. "varney & company" is about to begin. [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll thro
. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of course in the presidential election. and joining us on the set, bill richardson, former governor of new mexico. you're in town for the u.n. >> that's right. i was with a group of democrats and republicans yesterday at the
a group of bi- partisian lawmakers outlined a three-tiered plan to avoid automatic tax hikes set to go into effect in january. lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according
on c-span2, a look at what happens to individual taxes if the bush era tax cuts expire. former congressional budget office director douglas holtz-eakin and other economists look at the issue. our live coverage from the urban institute here in washington, d.c. starts at noon eastern. >> every generation through our history has worked and sacrificed to leave a better country to their children and grandchildren and future generations. we, we were then spending their money, we are now even more, much more, spending their money, and we are leaving them a mess that will be a very difficult to deal with, and if we are that weak, just think of who wants to come here first and take us over. now, the last thing i ever want to see is to see our country taken over because we're so financially weak we can't do anything. >> uh-huh. >> and we're moving in that direction. we're on the edge of the cliff, and we have got to start fixing it now, otherwise we're leaving a disaster to our children and grandchildren in the future, and we could even lose our country. >> ross perot, interviewed by "us
romney/derian tax plan could call to an end to long for a standing tax codes items. rich edson joins me now with who wins and who loses with the proposed plan. rich: democrats claim this will hit the middle class and cut taxes for wealthy americans. a fox business exclusive republican candidate paul ryan says wealthy americans like mitt romney will pay more. >> here's how it works. higher income people can use lots of tax shelters to shelter their income from taxation. close those tax shelters and more income is subject to taxation which allow us to lower tax rates for everybody. rich: some families and businesses will pay more because there will be fewer deductions. others will pay less with lower rates and in theory it balances out. for who is paying more or less we don't have those details from the romney campaign. they refuse to say how much the deductions they have to curb or even many to accomplish their goal. a senate source tells us the supercommittee discussed a rate cut and preliminary assumption show the cost of $1 trillion over ten years. congress has not officially run thos
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or if we do have more onerous tax policy for hiring consumers we're not really seeing any sort of a discount valuation in the luxury goods retailers. so i think that that's norris, that might be. >> there was a cheer down here when they saw your forecast for 1600 on the s & p. they hope you're right certainly. thanks for joining us. appreciate it. >> thanks for having me. >>> now to jackie with market flash. >> good afternoon, sue. i've got one to watch right now. it's all scripts. it was halted on reports it was exploring a sale to private equity. it resumed trading. you can see the spike there. up more than 15% at this point. 1249 or 1.61 some pierce are also up on the day. athena health, turner, quality system. you can see those percentage gains on a day we're trading lower so really bucking the trend. tyler. >>> bank of america agreeing now to settle a record-breaking class action lawsuit with the ohio attorney general for $2.4 billion. the suit covering investors who purchased bac securities at the time the bank announced plans to acquire merrill lynch. bank of america's c
over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk in groups and only in well-lit areas. >> 6:06 right now. today marks the tenth anniversary of the sniper killing spree. the first attack happened in a parking lot in wheaton, maryland. in all, ten people were killed, three others were
's remoy. looking potentially at tax hikes, at changing the way people can retire over there, potential wage freezes. but anybody who's looking to see if the plan is credible says you've got to attack pensions, and that's just going to feed the mood that we saw in those protests this week. >> we've seen protests this week, we've seen certain of the states significant protests. of course, many of them have already received aid. there was an 18 billion euro aid package available to them. you've already increased the value-added tax significantly over there. there's an interesting story today in "the new york times." about carrots being sold as opposed to tickets because they are not taxed in the same way. it gets back to this balance, carl, of austerity growth and how much you can politically get done and kind of meet your master's demands. >> yes. >> that being the rest of europe, particularly germany without fomenting true public unrest. >> fresh data on spain, bank deposits down again. i think the lowest level since 2008. you couple that with just the images of people eating out of dum
over the tax environment for 2013." one piece of data. i don't know what kind of score you get on the vindicated doves here. but you can see the average coming down. the actual numbers before averaging them, 385 down to 359. get something improvement in jobs numbers together with the consumer snichlt jobs component was not too bad. we'll have to watch this closely. but right now we're taulg this vindicated doves and maybe there's another game out there, angry hawks but michelle has a much easier time of making this stretch of a metaphor to an app. all you. >> from vindicated doves, right? hi, simon. >> yes. let's get on with the bad piggies. i can't wait, michelle. not offensive to europeans at all. not offensive at all. you talk about the little piggies in southern europe. you go ahead with it. >> they went wee, wee, wee -- >> the new game is called bad piggies. this is an acronym used on wall street for portugal, ireland, italy, greece, and pain spain. piigs. two is there. let's give you the state of where they are right now. and the best way we thought was their ten-year yie
-to-head on such issues like taxes and foreign trade. for romney it's a mission in ohio to make up ground on the president with time running out. susan mcginnis is in washington with more on this. good morning. >> reporter: good morning. ohio is considered a must-win for both candidates. they've been spending so much time that governor kasich joked they should start paying taxes in the state. it illustrates how important this handful of swing states are. president obama and mitt romney are following each other from one battleground state to another. on wednesday ohio was their target. >> you probably are aware that there's an election going on right now in ohio. >> i believe you're going to help me win ohio. >> reporter: today it's a quick flight to virginia. >> we're a compassionate people. >> reporter: on wednesday romney tried to convey a more empathetic candidate. >> we're a charitable people. >> reporter: recent polls shows romney trailing the president on the question of which candidate cares about my needs. but time is running out for governor romney to change voters' minds. early voting is under w
to say. not just how we get rid of tax abductions, but all of them except two. but also which industries are mature enough that we should rip the rug out from underneath them and stop giving him all kinds of tax breaks. speaking very candidly with me. i first asked about different kinds of government strategies where government works best with this, here' here is what senator mccain had to say. >> you're picking winners and losers, and obvious in the case of solyndra and many others, we have picked losers. but there are so many technologies that have been developed is gps, the internet, but that is a research and development area handed over from the private sector. that is where the debate takes place. liz: so overall instead of going into very young industries and say here, let's help this country over that one, it is helping the idea? >> research and development. one of the reasons most of us have supported research and development was whatever area or sector of our economy is it has proven to be incredibly beneficial. many national laboratories have produced incredible new technologi
in both cities. more cuts in government spending and higher taxes as they try to balance their budgets. michelle caruso-cabrera joins us this morning. ft calls this a step toward a full blown constitutional crisis in spain. why now? >> absolutely. when it comes to spain, why now? there's going to be a new budget announced tomorrow. that's expected to have new austerity measures that many spanish citizens won't like. in greece, any day now we'll hear what new cuts they will be making there. this was scene in greece a little more than an hour ago as thousands of striking union members descended on the main square in athens in front of the parliament. once again, tear gas used to disperse the crowds. police beating some of the protesters who refused to move. at one point it looked like the national guard might go up in flames. things have calmed down. on to madrid last night, where thousands there surrounded the parliament there as well, chanted phrases like "let us in," "we want to evict you." police did use rubber bullets and we watch live as they beat some protesters. as you mentioned
pulled outcome pleatly citing lower taxes and more lenient regulations. >> sometimes the complaints are legitimate. but i think the business climate is an excuse for companies wanting more generous incentives or tax relief in one area or another. >> later in the day, comcast claimed it was relocating the call centers because so many customers do business on-line. adding "our customers will be served better in the long run by establishing specialized call centers focused on the particular customer needs rather than on geography." as for the company's thousand employees, comcast says it will offer financial help to relocate even though many say a move will be possible. >> i have been through it before with the adp security systems. it is becoming a pattern. >> comcast will have about 20,000 employees in the state. the governor's office shot back for blaming the high cost of doing business hearsaying california has lead the nation in job growth in the last year. dan? >> john, thanks. >>> the 9ers say their new stadium is 15% complete and 100% on track to open on schedule for the 2014 f
tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>grant: nfl replacement rest got it wrong and it cost the packers the game. people are sounding off on facebook. we asked people, what do you think about this debacle. >> we always want to know we you think. heads our kron4 facebook fan page to do that. does >>pam: a pregnant woman injured in shooting in oakland. kron4 is on the scene, and we will have a live update at 5:30 p.m.. >> today we're looking at science fiction becoming tomorrow's reality. >> governor brown visited the google headquarters to sign a bill that allows a global driverless cars one step closer to our roads. >>pam: a few other new laws signed today. a new plan for state parks in the wake of plant closures and the scandal. those stories and more coming up at 5:30 p.m.. [ laughter ] [ girl ] wow. you
and minimize taxes. they got him ted dead to rights again. i don't know if any american cares. do you remember how the kennedys made their money? >> i think there was some boot legging. >> might have been a little boot legging. john kerry married and then left his yacht in providence or something, didn't he. and then john edwards flipping his magnetic business card at all the ambulances going by made $80 million. it's weird, isn't it? >> he was a good lawyer. >> and a hell of a human being, too, johnny. we have ten seconds. >> i don't think additional incremental disclosures about offshore investments will make a big deal. >> all right, my friend, thank you. >>> when we come back, we'll get to kevin ferry from the cme, we'll find out what's most likely to drive action on the second day of the quarter. smart comes with 8 airbags, 3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. becau
eliminating a tax break for buying a new home which does seem to go against what you might anticipate given they're still trying to, they had a housing bubble like we did but are not on the other side of it yet. >> timothy geithner, i don't know if anybody remembers, the vociferous nature with which he said if you questioned his stress test, listen, this is 1932 numbers. you don't know anything about what we're doing. yeah. turned out he was completely right. >> we got the expletive. >> this is a family oriented show because the kids are all home watching us instead of going to show. >> all right. how do you end the third quarter on a profitable note? find out from cramer. his mad dash is next. meet the head of the blackberry mak maker's fan club. let's take a look at futures as we head to the last trading session of the week and for the quarter looking at a down open. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly
and tax increases being imposed by the spanish government. >>> breaking overnight, two more american soldiers have been killed in afghanistan. they died this morning at the hands of a suicide attacker in the volatile logar province. it is in the eastern part of the country. >>> meanwhile here at home, federal agents have been called in to investigate a string of homemade bombs found in indiana. one of the devices exploded outside the home of democratic congressional candidate brendan mullen. it had been placed near his mailbox. three similar bombs were found in the area. >>> we're just getting word that andy williams has died. he signed in the '60s, what was then the biggest recordi ining contract in history. he owned the moon river theater. he died of cancer. he was 84 years old. >>> and a bizarre sight here after a vicious storm in scotland. it's a phenomenon that occurs when sand and water are stirred up by strong winds. locals stunned there. homes, cars, even pets, left blanketed in the white stuff. >>> there was no foam in sight when these pictures were snapped. take a look. the
spending. but romney seems to have strayed from his long time insistence that president obama raised taxes during his first term now. he is saying the president did not. >> his idea now is -- he's got one new, one new idea. i admit this one thing he did not do in his first four years he said he will do in the next four years, which is to raise taxes. >> the romney campaign is standing by the argument that the president has raised taxes. fact check, obama has raised taxes on cigarettes and tanning beds and not income taxes. though romney's own spokesman says it has happened 19 times. >>> well, the nfl and locked out referees have met behind closed doors trying to resolve their differences. the meeting comes amid growing outrage over the call made monday night by a replacement ref. even president obama and mitt romney have called for a return to the real refs something they can agree on, right. but espn's michael wallbon said he see s the lockout lasting weeks not days. >> the ratings keep going up and popularity of the league is not threatened. so i'm not sure they care as much as the peopl
year-old daughter but the 12 year old sustain injuries but she survived. they thought he was taxing but now they have stated that he has just been speeding he will be charged with vehicular manslaughter. the prosecutor as well as the defense attorney worked it out that he will be charged as a juvenile which means he cannot spend time in jail until his 21 years old. as an adult he would have spent more time in prison. the residence and the family stated that they wanted more but they feel that this is a good compromise so that a wall with their lives. that promise to talk with kron 4 as soon as this trial is over. back to you daria. >> how will the family feel about this? the family will not have to face the anguish of a trial but the kit will do for years in prison for killing two people. that's right as an adult he could face more time but after 21 your soul he would be transferred to an adult prison for. if the fact that he is 17 and he is charged and optimally sentence as a juvenile the guidelines require that he stayed just until he is 21 years old for good behavior. the family
and since many vets are part of the 47% of americans that romney is criticized for not paying income taxes. >> i don't believe we can get any far with leaders who write off half of the nation as a bunch of victims who never take responsible for their life -- responsibility for their lives. >> back to you. >>> another presidential candidate will be campaigning tonight. roseanne barr will be talking about the political future of medical marijuana during a town hall meeting in oakland. federal agents raided oaksterdam back in april. it's one of many targeted in a crackdown launched by the obama administration also cindy she an, barr's -- cindy sheehan, barr's running mate. >>> according to the -- to the" times." this police officer was arrested for domestic violence. he's on leave pending the investigation. no charges so far have been filed. >>> most soldiers will take a break in their duties today to take part in a suicide prevention training today as the military deals with an alarming increase in s.i.d.es among soldiers -- in suicides among soldiers. this is mandatory for all soldiers exce
air on 4.2. >> there is a new study that is dictating how taxpayers may get an increase in their taxes. that is only if congress does not take action on cuts that are expected to expire in december. if nothing is done a typical middle house hole will see their taxes go all by $2,000. >> full body scanners at airports. a michigan marijuana tman wanted o challenge the t.s. day. >> and bay area news new security measures are and placed in san mateo. this is after a nine year-old girl was a growth and nearly kidnapped by a man. there are new security measures the park's five elementary. that put a padlock on this fence because in the past you were able to walk past and go through this past way. they are making sure that the community cannot go through this way. some said that people could still jump the fence and they are setting that they may raise the fence. the schools is under lock down when school lesson session and no one can get through. only authorized personnel can get through. when parents arrive they have to sign in and where a visitor's badge. parents cannot stand by their chil
, are you going to hire new work fers you don't know what your tax rates are going to be next year? are you going to hire new workers -- >> well, we're nonprofit, but i'm happy to hire. >> hypothetically speaking, why would anybody hire heads to the payroll when you have no idea -- >> you have a lot of evidence -- >> excuse me. >> go ahead and finish. >> why would anyone hire new jobs when they have no idea what their tax rates will be and no idea what agency will oversee them because the regulatory environment is still lacking clarity? >> far and away, the most important criteria for businesses and hiring people is the demand for labor. when they see demand for labor, they hire people. it's evident insofar as they're not hiring people, it's a demand more labor. if the story were true, you'd be seeing an increase in average hours worked. the idea is they would hire someone, but they're so worried about washington that they can't do that, then they would increase hours per worker. they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the
taxes on wealthy citizens. germany could be next. thousands of people across germany turning out in force this weekend. pushing for new taxes on wealth and financial transactions. demonstrators demanding a fair redistribution of wealth to combat a widening income gap. despite those protests in germany, european markets were higher today. but markets here in the u.s., well, they couldn't hold on to the bigger gains. although 70 points, bob pisani, not a bad return for day one of the forth quarter. >> yeah, i thought it was okay. the reason for the rally, folks, the new orders component of the ism, first data we get on september, was better than expected in growth territory. i thought that was good, modest rally. we were up much, much more earlier on. take a look at the dow jones industrial average. mr. bernanke came on, gave an interesting press conference, didn't say anything new bullet sort of sold into him as he came on and never really regained the earlier leads we had in the day. a couple of on observations, mar maria. the major sectors, the dow was up but well off the highs
a lower tax rate than a cop or teacher who makes $50,000. >> at campaign appearances friday, president obama and mitt romney seemed to be previewing next wednesday's debate when the battle over taxes is expected to take center stage. romney say ts he'll hold the misrepresenting his record. >> i will not raise taxes on middle income americans! >> reporter: the stakes in the debate are so high that both candidates will soon retreat into political cocoons to get ready. on sunday the president will begin three days of intensive preparation in nevada. on monday, romney will hunker down for two days in denver, the site of wednesday's debate. in romney's sessions president obama will be played by ohio senator rob portman who was on romney's short list for vice president. on stage with the president will be massachusetts senator john kerry who will play romney. kerry and romney knew each other well when romney was governor of massachusetts both campaigns are desperately trying to lower expectations. in a memo leaked to the press a top romney adviser called the president one of the most talente
a plan that romney hs apparently floated for basically a $17,000 cap on tax deductions for americans. explain it. you've crunched the number. what's the headline here? >> tyler, the headline here is that the romney campaign e-mailed me this morning on this. they say they want to make very clear this is not a specific proposal from governor romney, that he's just floating one idea among many. the idea that he's put out there though would be a $17,000 cap on deductions. you could take your mortgage deduction, charitable deductions or other deductions up to $17,000, and then no more. that would definitely raise taxes on some taxpayers, even if romney's able to bring the overall tax rates down, which he says he wants to do. who gets hurt in this scenario? people with huge mortgages. people who donate a lot of money to charity and people who have overall high deductions. they might lose more here than they gain by the rates being lowered overall. that is who's going to get squeezed under this proposal but the romney campaign saying not a specific idea, just kicking around things verbally
pleatly citing lower taxes and more lenient regulations. >> sometimes the complaints are legitimate. but i think the business climate is an excuse for companies wanting more generous incentives or tax relief in one area or another. >> later in the day, comcast claimed it was relocating the call centers because so many customers do business on-line. adding "our customers will be served better in the long run by establishing specialized call centers focused on the particular customer needs rather than on geography." as for the company's thousand employees, comcast says it will offer financial help to relocate even though many say a move will be possible. >> i have been through it before with the adp security systems. it is becoming a pattern. >> comcast will have about 20,000 employees in the state. the governor's office shot back for blaming the high cost of doing business hearsaying california has lead the nation in job growth in the last dan? dan? >> john, thanks. >>> the 9ers say their new stadium is 15% complete and 100% on track to open on schedule for the 2014 football season. the con
machines in the face of the looming battle over federal spending and tax cuts known as the fiscal cliff. >> we need to get past the election, we need to get past the fiscal cliff, have some certainty about the conduct of fiscal policy over 2013, and maybe see some further progress in europe to lift this veil of uncertainty that's holding back both businesses and households. >> reporter: at the margin, the falling number of people filing for unemployment insurance is likely to bolster consumer confidence. but economists are looking for about a 100,000 increase in payrolls in the september employment report out next friday. call that a guarded outlook. >> in the fourth quarter, we think job growth is going to pick back up. we have had some sluggishness in job growth in recent months. ultimately, we do expect businesses to feel they need to hire somewhat more. that, we think, will resume a downward trend in the unemployment rate. so we think the next move on job growth is up rather than down. >> reporter: the bright spot in the economy is housing. pending home sales slipped 2.6% in august,
. tax cleaners are going to a total this millions of us, state-wide. is illegal is even and the cover of darkness but it has gotten so bad that it could even be during the day. the chp in saying that this form of illegal dumping has been increasing in san mateo county. they are asking for your help. the we are asking for the public to call at 911. >> if your thinking that this is only landscaping but what is the problem it is not just the breaking the law if that is caused with rotted wood in it could wrought the surrounding would it could impact surrounding--trees. the last person that was caught had to foot the entire bill, stanley roberts, kron 4 >>jacqueline: and also, let us take a look the coast with 50s to half moon bay. a det that fog what the golden gate with very little visibility. and he could get worse, overnight as it becomes more widespread will work conditions to borrow. he was cuffetomorrow-mar of tabs, pleasant. with upper '70s, '80s. temperatures, pleasant. >>jacqueline: that fog will continue to persist along the coast the entire day tomorrow expected. cooler, with
these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. welcome back tracking a major hot spot in the san ramon valley, three lanes blocked a northbound with traffic backed up through danville towards sound san ramon. no sow files are reported to be affected. a new hot spot in san francisco on the 280 on interstate 280 here in the northbound direction. the left-hand lane is blocked at the 1 01 interchange with trafficked block to daly city. >> will be right back with the kron4 news live and about know where students are going to school with heavy hearts. a classmate was killed by an s tv yesterday. a's pitcher dallas braden with harsh words for his home town police force. we'll return in just a few minutes. you disgust me. prove it. enough is enough. d-con baits are specially formulated to kill in
bet it does, huge swath of this country pay no taxes whatsoever, i think that fundamentally changes the psychology to the election, where that comes down is that it used to be you voted for the candidate that would do the best for you and for your country and now you vote for the candidate potentially, who is the least likely to take away your handouts, he very, very big difference. >> you sound skeptical about further gains for stock prices, are you? >> yes, i am. we are encouraging folks to gradually lighten up. we're taking advantage of the rally to sell and bring some of the chips to the side line, that said, we are actively looking at opportunities in gold, oil, we're looking for treasuries to continue the run longer and start setting up a reversal. >> all right. thank you very much, keith fitz-gerald, always appreciate you being with us. the morning gold report, and talking about it there, we're at 1747. gold is down today, a loss of $19 per ounce, like oil, heading straight down and by the way, oil at this moment has dropped below $90 a barrel. 1747 among gold. and we've got
with the tax reform and the entitlement cuts. if romney were to win, i think the perception at least, you know, without thinking about the entitlements, reform, that we think there would certainly be some good forward movement on that. i think the perception would rather be that he might clear some of these regulatory burdens which come out of the dodd frank legislation, which come out of the healthcare, and that might allow the economy to do better, so you get, you know, the equity market to respond a bit more positively, perhaps, and treasuries a bit more negatively. dagen: got you on that, chris. one last thing, though, we got that report, speaking of the economy, from adp earlier today, is there any reason for us and you to believe that job creation will pick up significantly in say the next six months? >> i don't think significantly, no. the adp report is nice. we like it because it gives us something to trade, but there's been very little correlation between adp data and non-farm payrolls. and frankly as we go from where we stand now into the end of the year, and the first part of next y
, if the dividend rate goes up to the marginal income tax rate, this market will give back some of the rally and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in glob
at an arenose base. romney said the president wants to race taxes and america can't afford four more years. >> students at berkeley held a rally to urge classmates to register to vote. several student groups held an online drive. organizers say that the secretary of state's new online registration system has made it easier to convince students to sign up and vote. they say it's more effective than paper because if a person makes a mistake the site will not let them advance to the next page. >> especially youth because we are focused on technology. it's a great way to make it easier for students to make sure they can raise their voice in the election. >> the deadline to register for the november election is october 22nd, to find out how to register you can go to the website and then scroll down to web links. >> people started their day with a good jolt. a 4.5 quake struck at 8:15 this morning. just -- people said it felt like a single hard punch and that sent pets running for cover. there are no reports of damage orrin jury. >>> firefighters in san diego are making progress ono that big
working on contingency plans. if the two tax ballot initiatives proposition 30 and 38 failed to pass. districts have been dealing with financial difficulties for years, $20 billion has been cut from education in the last few years. now they're scrambling to do more with less, including cutting the school year by up to five days, maybe even up to 15. >> we have one of the shortest school years in the modern global economy. to go from 180 days down to 162 days is unthinkable, but districts are actually planning to do that. >> opponents of the tax hike prop say the threat of more cuts to funding and to the school year is simply a way to gain support for those measures. >>> from the bay area and beyond, thousands of people are taking part in national voter registration day. nowadays it's quick and easy. a nice turnout in downtown oakland where congresswoman barbara lee led a voter registration drive. many people registered the old-fashioned way, but event organizers are also spreading the word that online registration is now available. the alameda county registrar voter says he's seen a
do not believe that another round of tax cuts for millionaires will bring good jobs back to ohio. >> and it features prominently in obama's television ads that have saturated the air waves. they're joust spending the romney team. they have spent $47.9 million in ohio, and romney and outside groups have spent $42.5 million. the romney campaign says it's not bothered by the poll numbers saying they have confidence in their own internal polling and believe their making in roads in ohio and message with lower spending and debt. >> the status quo has not worked. we cannot afford four more years of barack obama, we're not going to have four more years of barack obama. >> if you had any doubt about the schedule, they even have rallies scheduled at the exact same time in different cities. >> thank you, frank luntz is a former hpollster, good morning. >> morning, and i think ohio will win the election. the obama campaign thought this would be a choice. it has become a referendum on mitt romney and it's because they did the ads early enough. it means that all of the obama attacks in the la
by a republican. nobody opposedt. the governor cited regan's leadership and said he pushed for tax hikes now like governor brown is doing now. >> former governor is critical of republican strategists carl rove in his new book. he were write that crove predicted the recall that put him in office wouldn't happen. he said that he felt snubbed as a result. >> a morgan hill woman who left her daughter behind after being caught shoplifting is still on the run but now police say she has a young son with her and they believe he is in danger. >> it went from occupy san francisco to a homeless camp and now a fence. what went wrong and why police moved in. se fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. get a free
're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> the a's started and ended the day staying two games ahead of angels for a wild-card spot five games left. brendan mccarthy the robert altman clemente award nominee. welcome back coco crisp out of the lineup after missing 10 games a homer to right gets the a's on the board. tied at one in the third, a shot that does not come back with the a's up for good they won it 8-3. rookie a.j. griffin his seventh win. the a's are rolling. giants at san diego buster posey took a ball off his throat stayed in the gang because he's tough. sandoval's tough as well pop logos art in the third the base of the board giants beat the padres 3-1. vogelsang gets the wind. a no no 4 cincinnati reds
with yahoo! netting $4.2 billion in cash after taxes and fees. and even better, yahoo! will return about 85% of the cash to you, shareholders. we're either looking at a huge dividend or a gigantic buy back. it would shrink the cap by 19%. that's what makes the stock go higher, not the buy back stock, come out flat. now remember after this transaction yahoo! still owns 20% of ali baba. yahoo! can sell half of the stake at the time when ali baba comes public whenever that might be. how much is it worth? goldman values yahoo!'s remaining ali baba position at $5.8 billion or $4.93 a share. i think that could be a low ball figure given ali baba's legitimate internet growth story. even though they pulled back from the highs it still made people a fortune since it came public in 2005. second, there's yahoo! japan which is a separate company publicly traded on the japanese market. yahoo! owns 35% of this monster and the stake is worth $4.77 billion. that's another $4.03 a share. then we've got the cash itself. by the end of the year goldman expects yahoo! will have $5.84 of cash per share. let's ad
. to fund his tax cuts for millionaires, romney could take away middle class deductions for child care, home mortgages, and college tuition. christie: mitt romney, he's so focused on big business and tax cuts for the wealthy... it seems like hianswers to middle-class america are just...tough...tough luck. ♪ >>> that crowd just out there in times square. d.j. reach. he's here for deejay friday. the whole control room. a nice panoramic view in the control room. good morning, everyone. robin is on her medical leave. great to have amy robach here. >> thanks so much. >>> and, sam, you have people lining up outside. >> as if times square wasn't fun enough, amy, and it is. it's the perfect way to start a weekend. if you come down to "gma" times square, we have the "gma" photo booth. you can walk in, have a pic with the group that you're with. you never know what might happen. yeah. see? there's josh. she was only upset because we ruined the picture. >> she's really seeing -- >> i looked -- it scared me. it was terrible. >>> we also have new, provocative research out about motherhood. are some wom
. raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> ten years after the beltway sniper attacks, lee boyd malvo is opening up about the shootings that paralyzed our area. malvo spoke to the washington post about his part in the attacks that injured 10 and killed 3 others in a three-week span. right now he's serving a life sentence without parole in a virginia prison. in the interview, malvo called himself a monster for what he did a decade ago. >> i was a ghoul. i was a thief. i stole people's lives. i did someone else's bidding just because they said so. i mean, that is the definition of a monster. >> malvo's accomplice in the shootings, john allen muhammad, was executed in 2009. >>> 5:46 now. montgomery county police say they now know who tried to kidnap a teenager from a silver spring mcdonald's last week. the man caught on surveillance camera
. the man was convicted of tax fraud. in fraud still to come -- can do tog i encourage the kids to come to school, i would like to do. >> a washington wizards player inspiring children on and off the court. and, a new photograph sparking speculation. we will tell you where this was taken. >> i am bob ryan inside a place.rium, a special will tell you why. place.rium, a special will[ male announcer ] with ultra-filtered water from the first hands-free system, and micro-climate controls powered by twinchill technology, the new ge french door refrigerator puts fresh in a whole new light. come see the new ge french door refrigerator r yourself at bray & scarff. buy now and save up to $500. but hurry this incredible offer ends octob 10th. come in today or visit online at brayandscarff.com. [ knocking ] oh, no, i got to go. oh, can you make that to go? these days, nobody has time to get sick. but minunuteclinic makes it easy to get well. our nurspractitioners can diagnose and write prescriptions for everything from strep throat to sinus infections with no appointment necessary, so you can feel
it to encourage that policy. we as citizens get paid, a tax credit, right off of driving a fuel efficient or an electric car. you get to go on the high occupancy vehicle lanes with an electric car. it is an incentive to buy a fuel efficient and wore a card that meets the energy policy of the country. as citizens, we also get a tax write-off if we buy fuel efficient windows and fuel efficient heating and cooling systems. businesses like the atomic institute and others that are probably in the went today, they also the tax write-offs for buying and installing energy-efficient, fuel-efficient , lower emissions, heating and cooling systems, windows, except for a and their businesses. and adopting more green policies , diversified energy policy. and then third to offer those businesses and to try to encourage innovation again there is a 17% tax credit for research and development for new technologies in the energy and in this field. if we are going to get serious about cyber security, our policy command market leaders that we use these to follow suit and we need to stop talking just about regu
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